Vaishali Parekh: BUY Garden Reach Shipbuilders, REC and Adani Enterprises
Market expert Vaishali Parekh from Prabhudas Lilladher has suggested three BUY Calls for today’s session for short term traders. Indian markets are expected to open strong today as global cues are mixed but Asian markets were trading positive this morning. Indian markets could see higher levels for NSE Nifty if the initial resistance at 19435 is crossed. Indian stocks could see further gains if European stocks open positive.
Parekh has suggested BUY Call for Garden Reach Shipbuilders at current levels for target of Rs 607 with Stop Loss at Rs 570. Parekh has suggested BUY Call for PSU energy major REC at current price for target of Rs 172 with Stop Loss at Rs 165.
Parekh has suggested BUY Call for Adani Enterprises at Rs 2400 for target of Rs 2530 with Stop Loss at Rs 2370. The stock is looking positive and with potential to offer quick returns. However, this stock remains volatile and news flow also decides the direction of this counter.
All trades should be conducted with strict Stop Loss. Markets can have unpredicted moves based on news and trends in the global markets. Stop Loss is an important strategy to reduce the risk in case the stock doesn’t move as per the call given by market experts.